Going eBusiness
18th July 2007

And where’s your business plan?

Author: Martin Varela
posted in Business Tips |

Business PlanMany times I met people that ask me some advises to put their business idea online. At first glance, they were encouraged about doing their first steps online, facing the “e” market. Their ideas sounds terrific, and their planned earnings too. They usually start talking quietly, because they don’t want any spy in our conversation. Even we are at my office or at a bar, they start the conversation in a very quiet voice.

Sometimes they mention the whole business in our first meeting… Sometimes they don’t. But, I have to recognize than in more that 90% of the situations, they never mention a Business Plan. And that’s because it doesn’t exist any business plan. All the ideas are just that, ideas in their own minds.

If the potential business have partners, there are rigorous contract between them already signed, but, no Business Plan.

Business projects without business plans have high probability of fail. Yes, I know some exceptions, but believe me, they are only exceptions.

A well done Business Plan helps projects in their initial phase to go live. Sometimes also make them change their initial course.

Don’t doubt. If you really think in spend some resources in going online with your business (potential or not), spend some extra time before that and prepare a Business Plan. Maybe the Business Plan is only for you; maybe is for your angel investors or your partners. If your project succeed in the blueprints, maybe will succeed to in the real life.

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  • This entry was posted on Wednesday, July 18th, 2007 at 3:34 pm and is filed under Business Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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